00:05:25BingoBoingo:snackman: The simple answer is to get your bets in much earlier. As close to opening as possible. Just draw a bullseye on a piece of paper and jack off. If more cum is on the right bet yes. On the left bet no.

00:05:43snackman:mircea_popescu: not being engrained into mainstream economics by birth certainly helped you

00:06:03snackman:BingoBoingo: the conversation moved on, screw the play money, i have a much bigger fish to catch

00:52:42mircea_popescu:two years later, he needs to be 1 year+ old to be even considered, because now bitcoin is 4 years old.

00:52:43BingoBoingo:Seems for Litecoin devotees this insanity is going to be magnified as CoinDesk has just reprinted so many people's "press releases" about impending litecoin ASICs and if a single manufacterer delivers it will have meant Litecoin skipped that awkward FPGA adolescence while still staying a fraction of a fraction of bitcoin

00:53:04mircea_popescu:he goes on forum as a week old and is shocked at how mean people are, telling him to do 6 motynhs + of reading before he opens his mouth again

00:53:33mircea_popescu:somewhere in there he failed to account for the fact that having kept his reputation intact for those two years is just about as valuable as having kept his bitcoins for two years.

00:58:14mircea_popescu:things like "some chick is crazy enough to produce a pic of a large wooden object stuck in her snatch" is one thing

00:58:31mircea_popescu:"some guy makes an airplane" is altogether different

00:58:59BingoBoingo:For all we know the person bankrolling LTC ASICs could be Curt Schilling and the Engineer could be some kid he picked on in highschool who merely has to fulfill the objective of making any LTC capable scrypt ASIC at all. Not necessarily anything close to a profitable scrypt asic.

00:59:32mircea_popescu:for all we know i'm satoshi, and you're snackman

10:42:54Vexual:it may be an oversight, but the real story is that this ASIS agent, and his lawyer, preparing to appear in a hauge court where they have been summoned, have been relieved of all their documents by other agents on PNG soil.

11:44:26mircea_popescu:BingoBoingo lol that got her well fuming. apparently it's some scammy thing that is trying to pretend like they're less scammy because they're associated with credible people, by the procedure of giving those people free shares they never asked for.

11:52:40gribble:(changekey <keyid>) -- Changes your GPG registered key to <keyid>. <keyid> is a 16 digit key id, with or without the '0x' prefix. We look on servers listed in 'plugins.GPG.keyservers' config. You will be given a random passphrase to clearsign with your key, and submit to the bot with the 'verify' command. You must be authenticated in order to use this command.

11:52:55mircea_popescu:well ya but this presumes you have the old one.

11:57:14jamespeerless:micea_popescu: continuing discussion from yesterday.. since you have a new address per user per bet, don't you end up with a ton of addresses with a tiny amount of coin in them? what do you do with them once the bet is over?

11:58:20mircea_popescu:jamespeerless not moreso than the average site taking bitcoin

12:12:41mircea_popescu:but anyway, rather than have you shoot in the dark, here's the story :

12:13:07jamespeerless:if you're saying the current dev's contributing to bit coin are no good and its clear bit coin will require more work to be 'production ready' then without some change the future is bleak

12:29:12gribble:(ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX] [--market <market>|all]) -- Return pretty-printed ticker. Default market is Mtgox. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure (1 more message)

13:22:00ThickAsThieves:"There may, however, be good cause for regulation. There have been several high-profile thefts of bitcoins recently, including a hacker attack last week on a Czech exchange called Bitcash.cz that emptied four thousand digital wallets belonging to customers. Also this month, an eighteen-year-old man in Australia who was running a Bitcoin “bank” announced that more than four thousand

13:22:00ThickAsThieves:bitcoins had been stolen from his Web site, most of them belonging to users. In any industry, one of the strongest arguments in favor of regulation is the need for consumer protection—something bitcoin currently lacks."

13:22:19ThickAsThieves:lol so US regulation will also help the Czech and Aus?

13:22:54mircea_popescu:if one of the strongest arguments in favour of regulation really is the perceived need for consumer protection,

14:22:18pankkake:"Despite many assuming the song is a reference to the colors of Pittsburgh, Pennsylvania's NFL team, the Pittsburgh Steelers, the song is actually about Khalifa's black-and-yellow striped car"

14:22:45pankkake:and here I thought that would be an interracial love song

16:52:44ThickAsThieves:there are several competent and experienced people here that may be able to answer different questions best

16:54:31stephengandel:OK. On ICBIT there is a BTC/USC 12.13 contract that has a range of prices all above the current price of a bitcoin to USD. So I am guessing these are the strike prices? I was told that a contract costs $10. But that can't be the same for all the strike prices. I am trying to figure out what it costs to sell futures contract.

16:55:23ThickAsThieves:ah, one thing I can tell you is you will find more ICBIT users in #bitcoin-analysis

17:44:18stephengandel:And also I have the problem that all of this would be settled in bitcoins, so any money I made on the futures bet against bitcoins would be offset by the fact that I own bitcoins, which would be worth less in dollars.

17:44:43stephengandel:Just trying to figure out the calculation. Anyway you could run me through the transaction?

17:45:19ThickAsThieves:well you'd be buying the bitcoins at a lower price than the current value if you surpass your premium

17:56:00mike_c:thestringpuller:oh man whoever wrote those options is over exposed << not if they aren't speculating. if it is a miner hedging, then they aren't over-exposed.

18:00:01stephengandel:from the beginning, I buy my 0.1 bitcoin to open the account, which currently costs $110. Then I buy the put for $49, or 0.04537758 of a bitcoin, and then I have 0.05468842 left in my account. Let say the price of a bit coin drops to $500, and I exercise the option. I will get 0.12 bit coins when I exersize.

18:36:23Ukyo:[12:34] <Ukyo> due to the situation with weex, i stopped issueing dividends on the loan for now. I am setting up a seperate claim/management system where users will either a. begin to get daily divs again, or b. be able to get all missed divs with payoff

18:40:33pankkake:you should be ashamed to have that first link in purple though

18:41:11ThickAsThieves:I get one of these per month: "I have been studying your website and funds but I don't see information on how to invest in those funds. Is there information posted that tells how to invest in the funds?"

19:01:13gribble:A market order to sell 1000 bitcoins right now would net 1200802.9202 USD and would take the last price down to 1200.0200 USD, resulting in an average price of 1200.8029 USD/BTC. | Data vintage: 0.0629 seconds

19:02:53gribble:A market order to sell 10000 bitcoins right now would net 10975877.1390 USD and would take the last price down to 960.6000 USD, resulting in an average price of 1097.5877 USD/BTC. | Data vintage: 98.6026 seconds

19:02:55nubbins`:because if they don't, the seller doesn't have any buyers

19:04:06gribble:A market order to sell 140000 bitcoins right now would net 36115590.7219 USD and would take the last price down to 8.9066 USD, resulting in an average price of 257.9685 USD/BTC. | Data vintage: 171.1354 seconds

19:04:09nubbins`:"Where would the exchanges ... get 10 million dollars?"

19:08:45KRS|gotyawallet:point #1, big chunks of btc are moving around after being dormant since apr 2013 (our last all time high), point #2 one of these "chunks" of btc could market-sell 140,000 btc down to $8.

19:09:57gribble:A market order to sell 140000 bitcoins right now would net 36138416.0754 USD and would take the last price down to 8.9066 USD, resulting in an average price of 258.1315 USD/BTC. | Data vintage: 187.7440 seconds

19:11:24KRS|gotyawallet:I think so too..the most positive article I read is how countries like china and countries in africa will be hoarding them because they are a perfect financial vessle for financial freedom

19:11:43nubbins`:heh, thought you said "countries like africa" for a moment

19:35:17nubbins`:honestly, i'm more than a bit surprised that i haven't managed to kill my starter yet

19:36:11Vexual:The party is going after corruption among Chinese officials. Even though the party needs to clean up, it needs to give its own members an exit plan, as too much prosecution would make the people think that the party is completely corrupt.